Shredder Blades Market Size Worth $ 697.33 Million By 2032 | CAGR: 5.7%

The global shredder blade market size is expected to reach USD 697.33 million by 2032, according to a new study by Polaris Market Research. The report “Shredder Blades Market Share, Size, Trends, Industry Analysis Report, By Blade Material (Carburizing Oil, Tool Steel, Case Hardened, Chromium Low Alloy Steel); By Blade Design; By Shaft Count; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of shredder blade demand is attributable to rising concerns about recycling various materials, including wood, plastic, metal, and paper. Environmental sustainability is the major trend going on in the global space, with rising climate issues because of higher greenhouse gas emissions. Natural resources are soaring day by day with the over-extraction, production, and generation of huge amounts of waste due to the inefficient management of resources. 

Along with the exploitation of natural resources, some materials, like plastic, are a leading factor in environmental pollution, as they do not dissolve on earth as normally as others. This is driving the government to step in and incentivize companies and non-government organizations for waste disposal. One example can be the waste to wealth mission, which the Indian government initiates.

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Studies are exploring various ways to build a circular economy. A 2024 study focused on evaluating the feasibility of shredded wind turbines for sustainable building components. This trend is likely to stimulate the demand for recycling, in a way driving the need for shredder blades in the marketplace. In addition, the sustainability of reusing recycled items rather than producing new ones is grabbing attention. In terms of wind power, the towers, which are 100% steel, can be recycled to form new steel with a lower carbon footprint.

The increasing number of new product innovations in the field of shredder blades is expected to propel the expansion of the market. For instance, in September 2023, Evoquip unveiled its first shredder, the Caiman 150, into its product line. 

Shredder Blades Market Report Highlights

• Chromium Low Alloy Steel segment expected to grow at the fastest rate, due to its corrosion resistance.
• Hook segment accounted for the largest share owing to its capacity to recycle large amounts of material.
• Asia Pacific is projected to have the fastest growth owing to rising measures to promote a circular economy.
• The global players include BKS Knives, Fernite of Sheffield Ltd., Fordura China, KAMADUR industrial knives B.V, Miheu d.o.o., & Povelato Srl.

Polaris Market Research has segmented the shredder blades market report based on blade material, blade design, shaft count, and region:

Shredder Blades, Blade Material Outlook (Revenue - USD Million, 2019 - 2032)

• Carburizing Steel
• Tool Steel
• Case Hardened
• Chromium Low Alloy Steel

Shredder Blades, Blade Design Outlook (Revenue - USD Million, 2019 - 2032)

• Hook
• Square

Shredder Blades, Shaft Count Outlook (Revenue - USD Million, 2019 - 2032)

• Single Shaft
• Double Shaft
• Other Shafts

Shredder Blades, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Shredder Blades Market Report Scope